QQDN ETF — ProShares UltraShort Top QQQ

ProShares UltraShort Top QQQ (QQDN)

QQDN is an ETF. As of August 19, 2026, its distribution rate is 3.88%, its trailing-12-month yield is 5.83%, its expense ratio is 0.95%. Fund total return is -44.4% over the past 1.2 years, 73.3 points behind SPY at 28.9%.

At the current 3.88% distribution rate, a $10,000 investment would generate approximately $388 per year, or $32.33 per month on an equivalent basis. Actual quarterly payments vary.

ProShares UltraShort Top QQQ is an ETF that seeks daily returns of negative two times the performance of the largest companies in the Nasdaq-100 Index, using financial instruments to create a leveraged short position. The fund carries a modest current distribution rate paid quarterly and has an expense ratio of 0.95%. This ETF is designed for investors seeking short-term tactical exposure to bet against large-cap technology and growth stocks, rather than for long-term buy-and-hold income investing.

QQDN performance versus SPY

Data as of August 19, 2026.

Fund total return is -44.4% over the past 1.2 years, 73.3 points behind SPY at 28.9%. Its deepest 1-year drawdown was 43.7%.

QQDN key facts

Data as of August 19, 2026.

Issuer

ProShares

Asset type

ETF

Asset class

Fixed Income

Inception date

06/10/2025

Expense ratio

0.95%

Distribution rate

3.88%

Distribution frequency

Quarterly

Trailing yield

5.83%

Last close

$21.25

AUM

$1,048,994

Average volume

51.0

Last dividend

$0.2060

Ex-dividend date

06/24/2026

Payment date

06/30/2026

Beta

-2.7867

How Dividend Vision calculates yield and returns

Distribution rate (3.88%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (5.83%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. We show a 30-day SEC yield when the fund publishes one. Schwab and other issuers may report a TTM distribution yield or SEC yield on a different date — all can be valid; they are not interchangeable. Fund total return uses split-adjusted close with distributions reinvested from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is what the fund did, not your personal gain/loss. Figures below use Dividend Vision data as of August 19, 2026.

Distribution rate methodology · Distribution Safety Score methodology · SEC yield

Sources and review

Data as of August 19, 2026.

Primary sources: ProShares; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

QQDN risks and drawbacks

QQDN's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are quarterly, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 43.7%.

Who may consider QQDN — and who may not

QQDN may suit someone looking for moderate current income with a quality tilt. It is a weaker fit for investors who need monthly cash flow (QQDN pays quarterly); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

More funds from ProShares.